SMM Daily Review: Lithium Carbonate Spot Prices Drifted Lower on September 4

Published: Sep 4, 2026 17:30

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Today, SMM battery-grade lithium carbonate spot prices drifted lower compared with the previous working day. The lithium carbonate 2701 contract opened higher at 150,500 yuan/mt today, then moved sideways above the average price line after the open, hitting an intraday high of 152,300 yuan/mt in early trading. Prices weakened around midday and broke below the average price line. In the afternoon, bears stepped up selling pressure, sending prices steadily lower to an intraday low of 140,500 yuan/mt. In late trading, prices consolidated at lows and closed near 141,900 yuan/mt, ultimately settling down 7.41% at 141,900 yuan/mt, with open interest falling by 1,647 lots. In the spot market, downstream buyers were buying the dip to stockpile for September and October, while upstream lithium chemical plants showed weak willingness to sell spot cargoes. Overall, market inquiries and actual transactions were relatively active.

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